Saab (OTCMKTS:SAABY) Shares Gap Down - What's Next?

Key Points

• Shares gapped down: Saab's ADR opened at $32.78 after a prior close of $34.38 and last traded at $32.28 on a volume of 92,485 shares.
• Technical/valuation snapshot: Market cap is $35.02 billion with a PE of 44.2; the stock is trading below its 50-day SMA ($35.84) but slightly above its 200-day SMA ($31.50).
• Recent earnings: Saab reported $0.25 EPS for the quarter on $2.94 billion revenue, with a net margin of 7.99% and ROE of 15.73%.

Saab AB - Unsponsored ADR (OTCMKTS:SAABY - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $34.38, but opened at $32.78. Saab shares last traded at $32.28, with a volume of 92,485 shares changing hands.

Saab Stock Performance

The company has a market capitalization of $35.02 billion, a PE ratio of 44.20 and a beta of -0.07. The company has a current ratio of 1.30, a quick ratio of 0.90 and a debt-to-equity ratio of 0.29. The firm's 50-day simple moving average is $35.84 and its 200-day simple moving average is $31.50.

Saab (OTCMKTS:SAABY - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.25 earnings per share (EPS) for the quarter. Saab had a net margin of 7.99% and a return on equity of 15.73%. The company had revenue of $2.94 billion during the quarter.

About Saab

Saab AB is a Sweden-based aerospace and defense company that develops, manufactures and supplies products, services and solutions for military and civil security markets. Founded in 1937 as an aircraft manufacturer, the company has diversified into areas including combat aircraft, airborne surveillance, radar and sensor systems, missiles and weapons, naval vessels and underwater systems, as well as command-and-control, training and simulation and cybersecurity solutions.

In aeronautics, Saab is best known for its Gripen family of multi-role fighter aircraft and for airborne surveillance solutions that integrate radars and sensors.

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